Workshop discusses ways for industrial development in Vietnam
The Central Institute for Economic Management (CIEM) in collaboration with the Jakarta-based Economic Research Institute for ASEAN and East Asia (ERIA) held a workshop on industrial development in Vietnam in Hanoi on December 28.
Hanoi (VNA) – The Central Institute for Economic Management (CIEM)in collaboration with the Jakarta-based Economic Research Institute for ASEANand East Asia (ERIA) held a workshop on industrial development in Vietnam inHanoi on December 28.
Speaking at the event, CIEM Director Tran Thi Hong Minh saidthat the Vietnamese economy has been recovering strongly from severe impactsof the COVID-19 pandemic.
However, it is facing the risk of fragmented and unfocused reforms which leads to difficulties in creating more breakthroughs if no newer andmore drastic ways and solutions are taken.
The outcomes of this workshop will help Vietnamese agenciesand experts in consulting policies on industrial development in the country,Minh stated.
Vo Tri Thanh, member of the National Financial and MonetaryPolicy Advisory Council, proposed Vietnam prioritise developing severalindustries such as information technology and telecommunications, and advanced electronics,to meet the requirements of the Fourth Industrial Revolution to create adigital technology platform for other industries; clean and renewable energy; andprocessing and manufacturing.
Attention should also be paid to defence and securityindustry, combined with civilian industry in the dual-use direction, garmentand footwear industries, and several mechanical industries such as automobiles,agricultural machines, and electric and medical equipment.
For the electronics sector, Nguyen Thi Xuan Thuy from the GermanAgency for International Cooperation or (GIZ) suggested the Government buildreliable partnerships in this industry at both macro and micro levels andattract more foreign investment (FDI) to create a domestic supply chain./.
Prime Minister Pham Minh Chinh on August 22 requested the development of a self-reliant and modern defence industry on the back of three key factors, namely sci-tech capacity, human resources and institution building.
The northern province of Quang Ninh has affirmed the viewpoint of selective investment attraction in industrial development, including prioritising environmentally friendly projects.
The Hai Phong Economic Zone Authority (HEZA) on September 12 hosted a meeting with a business delegation from Taiwan (China) to introduce cooperation and investment opportunities in the northern city.
With appropriate strategies, open policies, promoted administrative reform, and upgraded transport infrastructure, Long An province is considered a bright spot in attracting investment in industrial development in the Southern Key Economic Zone and the Mekong Delta region.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
An overview of the workshop (Photo: CIEM) 
